Tuesday

Tuesday trade processed the Monday bounce in corn and wheat with wheat holding and picking up an extra 3 3/4 to 568 1/2 and corn slipping 1 1/4 to 487 1/2.  I expect decent export numbers on Thursday morning.  1272 3/4 beans off 4 1/4 with both products soft.  Rice off 11 1/2 to 1576 1/2 and its about time to see some better exports there as well. Real drag on Ag was the continuing Dow rout, off another 437 points, 33,201 and 30 year bonds, hoisted as a safe investment down another point and 23 tics, 110.21.  Money supply tightening is really coming to the front of the bus.